Transactions Analysis

Basics examples of how to do transaction analysis.

List of Transactions for the month of January 2006

1. Marie Collins invested $100,000 of her own money into her new pet shop on January 1, 2006. The store will be named “Love thy Pet.”

2. For January 1, 2006, Marie paid $1,350 rent on the pet shop.3. For January 2, 2006, Marie borrowed $50,000 by signing a 4-month, 10%

note payable.4. For January 5, 2006, Marie purchased pet store equipment for $7,500 in

cash.5. For January 6, 2006, Marie hired two salespeople to begin work on the 9th

of January in the store for a bi-weekly wage of $800 each.6. For January 8, 2006, Marie receives a cash advance of $1,200 from a

customer for an Irish sheep dog that will not arrive from the breeder until March 7, 2006.

7. For January 10, 2006, Marie received $5,500 in cash for two bulldogs sold to a customer.

8. For January 14, 2006, Marie purchased 2-months of pet supplies on account at a cost of $500 from Morrison pet supply store.

9. For January 15, 2006, Marie declared and paid a dividend to stockholders of $400.

10. For January 31, 2006 Marie purchased a 2-year insurance policy costing $2,400 that will expire on January 31 of 2008.

11. For January 31, 2006, Marie paid the salespersons bi-weekly wages.

Marie Collins invested $100,000 of her own money into her new pet shop on January 1, 2006. The store will be named “Love thy Pet.”

For January 1, 2006, Marie paid $1,350 rent on the pet shop.

For January 2, 2006, Marie borrowed $50,000 by signing a 4-month, 10% note payable.

For January 5, 2006, Marie purchased pet store equipment for $7,500 in cash.

For January 6, 2006, Marie hired two salespeople to begin work on the 9th of January in the shop for a bi-weekly wage of $800 each.

This was not a transaction; therefore, it requires no journal entries because assets were not exchanged at the time of this event.

For January 8, 2006, Marie receives a cash advance of $1,200 from a customer for an Irish sheep dog that will not arrive from the breeder until March 7, 2006.

For January 10, 2006, Marie received $5,500 in cash for two bulldogs sold to a customer.

For January 14, 2006, Marie purchased 2-months of pet supplies on account from Morrison pet supply store.

For January 15,2006, Marie declared and paid a dividend to stockholders of $400.

For January 31, 2006 Marie purchased a 2-year insurance policy costing $2,400 that will expire on January 31 of 2008.

For January 31, 2006, Marie paid the salespeople their bi-weekly wages.